Help deciding on job offer

Currently evaluating two offers. I come from a management accounting background at a Fortune 500 company. Currently evaluating two offers post MBA:

Firm 1: PE FoF (mid-market fund based in NY)
- Pros: Higher base and with carried interest.
- Cons: Poor skill set. Does secondaries and co-investments. Has a direct investment team but doubt can transfer over given that people in the team exclusively come from IB backgrounds. Also, I interned here so I know the work is incredibly boring and I would just be doing more of the same. On certain days, I actually go to the toilet and take a nap.

Firm 2: VC fund (small VC shop based in NY)
- Pros: More interesting work + build transferrable skillset.
- Cons: Lower pay and bonus. No carried interest. Doesn't seem to have much of a track record.

I like money but at the same time I want to be developing a transferable skillset so that I won't get pigeonholed in the future (which is what FoF is famous for according to this forum).

What would you do and why?

Thank you.

Comments (8)

Dec 21, 2018

Have you considered pursuing an MSF?

    • 3
Dec 21, 2018
mileywrinkle:

Have you considered pursuing an MSF?

Don't understand what you mean. I just did my MBA and graduated and am currently exploring these 2 offers.

    • 1
Dec 21, 2018

MSF = Master's of Science in Finance, I suggest this because you seem bright and driven, you received two subpar offers, take this as an opportunity to rebrand and go to a top school

Dec 21, 2018
mileywrinkle:

MSF = Master's of Science in Finance, I suggest this because you seem bright and driven, you received two subpar offers, take this as an opportunity to rebrand and go to a top school

Thanks but probably not man. MBA alone costs me 100 grand and I just graduated from it.

    • 1
Dec 21, 2018
mileywrinkle:

MSF = Master's of Science in Finance, I suggest this because you seem bright and driven, you received two subpar offers, take this as an opportunity to rebrand and go to a top school

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Dec 21, 2018
throwaway12121212121212121:

Currently evaluating two offers. I come from a management accounting background at a Fortune 500 company. Currently evaluating two offers post MBA:

Firm 1: PE FoF (mid-market fund based in NY)
- Pros: Higher base and with carried interest.
- Cons: Poor skill set. Does secondaries and co-investments. Has a direct investment team but doubt can transfer over given that people in the team exclusively come from IB backgrounds. Also, I interned here so I know the work is incredibly boring and I would just be doing more of the same. On certain days, I actually go to the toilet and take a nap.

Firm 2: VC fund (small VC shop based in NY)
- Pros: More interesting work + build transferrable skillset.
- Cons: Lower pay and bonus. No carried interest. Doesn't seem to have much of a track record.

I like money but at the same time I want to be developing a transferable skillset so that I won't get pigeonholed in the future.

What would you do and why?

Thank you.

Firm 2 definitely sounds like it is more appealing especially as you have been to Firm 1 and find it dull.

I think what is important is that you talk to them about the career trajectory as well as earnings and earnings potential. As it is a small shop, you might want to know a little bit about the future direction of the company. It could be more of a risk to choose this path, but may be more fun with a tight knit team that could provide larger rewards for you over the long term (in skillset and salary hopefully).

Have you tried to get Firm 2 to match Firm 1? At the very least, they should know that you are making a salary sacrifice to join their team.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

    • 3
Dec 21, 2018
Isaiah_53_5:
throwaway12121212121212121:

Currently evaluating two offers. I come from a management accounting background at a Fortune 500 company. Currently evaluating two offers post MBA:

Firm 1: PE FoF (mid-market fund based in NY)
- Pros: Higher base and with carried interest.
- Cons: Poor skill set. Does secondaries and co-investments. Has a direct investment team but doubt can transfer over given that people in the team exclusively come from IB backgrounds. Also, I interned here so I know the work is incredibly boring and I would just be doing more of the same. On certain days, I actually go to the toilet and take a nap.

Firm 2: VC fund (small VC shop based in NY)
- Pros: More interesting work + build transferrable skillset.
- Cons: Lower pay and bonus. No carried interest. Doesn't seem to have much of a track record.

I like money but at the same time I want to be developing a transferable skillset so that I won't get pigeonholed in the future.

What would you do and why?

Thank you.

Firm 2 definitely sounds like it is more appealing especially as you have been to Firm 1 and find it dull.

I think what is important is that you talk to them about the career trajectory as well as earnings and earnings potential. As it is a small shop, you might want to know a little bit about the future direction of the company. It could be more of a risk to choose this path, but may be more fun with a tight knit team that could provide larger rewards for you over the long term (in skillset and salary hopefully).

Have you tried to get Firm 2 to match Firm 1? At the very least, they should know that you are making a salary sacrifice to join their team.

Thanks for the reply. I have not tried that because I was already told upfront by HR during the initial interview that I would have to take a paycut and if I proceeded on that basis I should have that in mind. I can certainly try asking again.

And on your point about earnings potential, thanks I would try to seek clarity in that area.

Dec 21, 2018
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